Quinn eyes refinancing for overdue bills
CHICAGO (AP) – Pat Quinn’s budget director says the governor wants to work with lawmakers on a refinancing plan to pay down some of the state’s $8 billion in overdue bills.
Jerry Stermer told the House Revenue and Finance Committee Thursday that Quinn in the coming weeks will present lawmakers with a proposal for refinancing some of that debt.
The governor’s office later suggested Stermer overstated the progress and said there was no new plan in the works. Quinn’s office says the governor is interested in working with the General Assembly on the issue.
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